Comments on: How To Survive on a Sluggish Real Estate Market http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/ hot online real estate trends and new FSBO techniques Mon, 30 Mar 2009 19:00:14 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Estetik http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/comment-page-1/#comment-12488 Estetik Wed, 26 Nov 2008 23:21:37 +0000 http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/#comment-12488 Take a look at "The Wild Side," by Olivia Judson, which has appeared every weekday for four weeks on the New York Times website. Take a look at “The Wild Side,” by Olivia Judson, which has appeared every weekday for four weeks on the New York Times website.

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]]> By: redtube http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/comment-page-1/#comment-3806 redtube Sun, 27 Apr 2008 15:14:09 +0000 http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/#comment-3806 Thanks for post, and nice all comments ! :) Thanks for post, and nice all comments ! :)

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]]> By: sohbet odalari http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/comment-page-1/#comment-58 sohbet odalari Tue, 04 Sep 2007 21:36:11 +0000 http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/#comment-58 thank you thank you

]]> By: Liz Provo, Editor/Publisher http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/comment-page-1/#comment-45 Liz Provo, Editor/Publisher Tue, 28 Aug 2007 12:52:41 +0000 http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/#comment-45 In addition to the steps mentioned above, as the owner of a regional for sale by owner real estate service, I would suggest the following: If you're buying, by all means get a pre-approval letter, go to open houses, etc. You should also start getting a feed of all new MLS listed properties in your area which should include information on price reductions. You may also be able to receive notifications of new to the market for sale by owner properties (we offer this to buyers in Western Massachusetts, for example.) If you are selling in order to buy, make sure that your home is on the market (better yet, sold) before you make an offer on a property. If this is not possible, you may need to look at the possibility of a bridge loan so that selling your home will not be a contingency on purchasing a new home. If you are selling, we recommend that the expert you choose to help you price your home is a licensed real estate appraiser, not real estate agent. There are several reasons why paying for a professional appraisal will help you in the long run. 1) You will be able to negotiate with a buyer from a position of strength - you will know the true value of your home, 2) You will not risk overpricing your home for the market and should sell faster than homes that will go through multiple price reductions before the true market is found, and 3) You will know that your buyer will be able to get financing. Remember, the lender will hire an appraiser to make sure they are not financing an overpriced home. Check your local area for a regional for sale by owner service as we know our local markets and can help you design a strategy for selling that maximizes your chances for success. Remember, you stand to save thousands and thousands of dollars selling by owner -- don't think that putting a classified ad in the paper, a generic sign in the yard and holding an open house will get the job done. In a competitive market you will need to make your home stand out above the crowd. A good resource is www.fsbonetwork.org, a national organization of regional publishers. In addition to the steps mentioned above, as the owner of a regional for sale by owner real estate service, I would suggest the following:

If you’re buying, by all means get a pre-approval letter, go to open houses, etc. You should also start getting a feed of all new MLS listed properties in your area which should include information on price reductions. You may also be able to receive notifications of new to the market for sale by owner properties (we offer this to buyers in Western Massachusetts, for example.) If you are selling in order to buy, make sure that your home is on the market (better yet, sold) before you make an offer on a property. If this is not possible, you may need to look at the possibility of a bridge loan so that selling your home will not be a contingency on purchasing a new home.

If you are selling, we recommend that the expert you choose to help you price your home is a licensed real estate appraiser, not real estate agent. There are several reasons why paying for a professional appraisal will help you in the long run. 1) You will be able to negotiate with a buyer from a position of strength – you will know the true value of your home, 2) You will not risk overpricing your home for the market and should sell faster than homes that will go through multiple price reductions before the true market is found, and 3) You will know that your buyer will be able to get financing. Remember, the lender will hire an appraiser to make sure they are not financing an overpriced home.

Check your local area for a regional for sale by owner service as we know our local markets and can help you design a strategy for selling that maximizes your chances for success. Remember, you stand to save thousands and thousands of dollars selling by owner — don’t think that putting a classified ad in the paper, a generic sign in the yard and holding an open house will get the job done. In a competitive market you will need to make your home stand out above the crowd. A good resource is http://www.fsbonetwork.org, a national organization of regional publishers.

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